The market may not be done rising. Watch now.

Did you miss the Strategic Trader webinar last night?

Apr 30, 2020 Dear Savio, Did you miss the Strategic Trader webinar last night? If so, be sure to check out the recording to hear our conversation about the incremental movements in the S&P 500 that are giving us more confidence in the market's recovery. With a bullish up-trend, we watch for a "stair step" pattern, and that's exactly what we're seeing as the S&P 500 makes higher lows. Though the market pulled back today, it doesn't necessarily mean we're done rising. The market rose yesterday, through news that the U.S. gross domestic product contracted by 4.8%. Today's larger-than-expected unemployment claims number may have set the rally back, but it doesn't mean investors are done with stocks. We're living through a lot of bad numbers now, but there's a general consensus that at least earnings will pick back up in the third quarter of 2020. As we're fond of reminding readers, investors are always looking to the future. And as we discussed in the Weekly Update, the S&P 500 is a market capitalization weighted index, so the largest stocks in the S&P 500 -- Facebook (FB), Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL) and Microsoft (MSFT) -- have a larger influence over where the index goes. We looked at what each of those stocks are doing -- most are performing well -- and we reviewed MSFT's earnings report, which was released yesterday. We concluded by reviewing our current trades and answering some great subscriber questions, including one about whether Tesla (TSLA) will be added to the S&P 500. If you couldn't join us live, be sure to check out the recording. To see the control panel (pause, rewind, etc.), hover your mouse over the video screen. Click here now to register for our next live Strategic Trader webinar Even if you can't attend the live webinar, we'd love to see your questions or comments. Please send us an email at feedback@investorplace.com.  Sincerely, John Jagerson and Wade Hansen Editors, Strategic Trader   This message was sent to the following e-mail account: ootlesoliginya.blogpost@blogger.com at Apr 30, 2020 17:00:58.104 Executive Editors: John Jagerson and S. Wade Hansen Editor-in-Chief: Luis Hernandez Marketing Director: Mary Southard Senior Managing Editor: David Tony Managing Editor: David Bowman Customer Service You can reach us at Feedback@InvestorPlace.com or by calling us at 800-219-8592. If your email address has changed please email us at Feedback@InvestorPlace.com Member Website: http://strategic-trader.investorplace.com/ Copyright © 2020 InvestorPlace Media, LLC 9201 Corporate Blvd, Suite 200 Rockville, MD 20850 All rights reserved. No portion of the above message may be republished, retransmitted or forwarded without express written consent from InvestorPlace Media. Violation of this copyright may result in service cancellation and/or collection of full or partial subscription charges from unauthorized users. Use and/or reliance on this service is strictly at the subscriber's own risk. InvestorPlace will not be liable for the acts or omissions of any third party with regards to delay or non-delivery of Strategic Trader. InvestorPlace shall not be liable for incidental, indirect, special or consequential damages or for lost profits, savings or revenues of any kind.